PUG Stock Market Analysis, LLC | Technical Analysis Blog

PUG Stock Market Analysis is here to help with SP500, QQQ, IWM, Gold technical analysis, stock analysis and more.

  • Meta

  • Follow Blog via Email

    Enter your email address to follow this blog and receive notifications of new posts by email.

  • Subscribe

  • PUG Wave Labeling

    SCI-SCV, SCA-SCC: Super Cycle
    C1-C5, CA-CC :Cycle
    P1-P5, PA-PC : Primary
    [1]-[5], [A]-[C] : Major
    1-5, A-C : Minor
    (1)-(5), (a)-(c) : Minute
    i-v, a-b : Minuette
    Primary Count:
    White/Green (Bull Market)
    White/Red (Bear Market)
    Alternate Count: Blue

  • Categories

  • Archives

April 7th, 2022: SP-500 Chart Update

Posted by pugsma on April 7, 2022

4:55 pm EST: The SP-500 opened flat from 4481, dropped to 4450 (day’s low), rallied to 4521 and closed at 4500.

Technical Indicators: See the SP500 vs NYMO vs VIX Chart Link: Print SharpCharts from StockCharts.com

Wave Counts: The primary (white/green) count is 55% probable, the alternate (blue) count is 30% probable, and the alternate (red) count is 15% probable.

  1. The primary (white/green) count is that P2-C3 bottomed at 4115. The major [1] of P3-C3 wave up is underway, but in the very early stages. The minor 1 of major [1] wave reached 4637. The drop to 4450 was the minor 2 wave, that retraced to the 38% Fib area of 4439. The minor 3 wave up is just getting underway. The minor 3 = 1.38*minor 1 target is 5170.  Note: This primary (white/green) wave count is valid above 4450.
  2. The alternate (blue) count variant to the primary count is the minor 2 wave down will corrected deeper to the to the 50%/62% Fib area 4376/4314. Note: The alternate (blue) count is valid above the P2-C3 low at 4115.
  3. The alternate (red) count is that the P2-C3 wave down is still ongoing. Major [A]-P2 ended at 4115 and the major [B]-P2-C3 topped at 4637. Now the major [C]-P2 wave down is headed toward the 38% Fibonacci retrace of P1-C3 at 3821. There is a major [C]=[A] target at 3933. Note: The alternate (red) count is valid below 4637.

House Keeping: There will not be a blog update on Friday, April 8th. The next update will be on Monday, April 11th.

Have great weekend !

SP-500 15-min chart:

SP500 Technical Analysis

SP-500 60-min chart:

SP500 Technical Analysis

SP-500 4-hr chart:

SP500 Technical Analysis

SP-500 daily chart:

SP500 Technical Analysis

SP-500 weekly chart:

SP500 Technical Analysis

SP-500 monthly chart:

SP500 Technical Analysis

Sorry, the comment form is closed at this time.

%d bloggers like this: